XPLR Infrastructure (NYSE:XIFR) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of XPLR Infrastructure (NYSE:XIFR) from a sell rating to a hold rating in a report published on Monday.

A number of other brokerages have also recently commented on XIFR. Weiss Ratings reissued a “sell (d)” rating on shares of XPLR Infrastructure in a report on Wednesday, October 8th. CIBC raised their target price on shares of XPLR Infrastructure from $11.00 to $11.50 and gave the stock a “neutral” rating in a research note on Tuesday, October 21st. Jefferies Financial Group raised their target price on shares of XPLR Infrastructure from $13.00 to $16.00 and gave the stock a “buy” rating in a research note on Wednesday, July 9th. Finally, Barclays raised their target price on shares of XPLR Infrastructure from $9.00 to $11.00 and gave the stock an “underweight” rating in a research note on Tuesday, August 12th. One analyst has rated the stock with a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of $13.85.

XPLR Infrastructure Price Performance

Shares of XPLR Infrastructure stock opened at $9.77 on Monday. The business has a 50 day simple moving average of $10.23 and a two-hundred day simple moving average of $9.43. XPLR Infrastructure has a 12 month low of $7.53 and a 12 month high of $20.82. The stock has a market capitalization of $918.18 million, a P/E ratio of -5.68 and a beta of 0.94. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.77 and a quick ratio of 0.72.

XPLR Infrastructure (NYSE:XIFR) last announced its earnings results on Thursday, August 7th. The solar energy provider reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.64. XPLR Infrastructure had a positive return on equity of 1.86% and a negative net margin of 12.94%.The business had revenue of $342.00 million during the quarter, compared to analysts’ expectations of $359.64 million. The company’s revenue was down 5.0% compared to the same quarter last year. As a group, analysts predict that XPLR Infrastructure will post 2.33 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. HRT Financial LP purchased a new position in XPLR Infrastructure in the second quarter worth approximately $2,048,000. EP Wealth Advisors LLC purchased a new stake in XPLR Infrastructure in the second quarter valued at approximately $2,460,000. Balyasny Asset Management L.P. purchased a new stake in XPLR Infrastructure in the second quarter valued at approximately $4,192,000. Adage Capital Partners GP L.L.C. purchased a new stake in XPLR Infrastructure in the second quarter valued at approximately $1,640,000. Finally, California State Teachers Retirement System purchased a new stake in XPLR Infrastructure in the second quarter valued at approximately $661,000. 66.01% of the stock is currently owned by hedge funds and other institutional investors.

About XPLR Infrastructure

XPLR Infrastructure LP engages in the acquisition, management, and ownership of contracted clean energy projects with long-term cash flows. It owns interests in wind and solar projects in North America and natural gas infrastructure assets in Texas. The company was founded on March 6, 2014 and is headquartered in Juno Beach, FL.